In the commodity sector, crude oil prices experienced high volatility, fluctuating wildly between $91 and $97 per barrel for both Brent and WTI benchmarks. Early in the week, energy prices spiked as hopes for a swift US-Iran peace deal faded, leaving the strategic Strait of Hormuz heavily disrupted and bottlenecking roughly 12% of global oil supplies. However, by mid-week, a tentative agreement between Iran and Israel to halt direct military strikes injected a wave of optimism into the markets. While this localized de-escalation managed to cap a total breakout in oil prices, the embedded geopolitical risk premium remains high, keeping global energy costs highly sensitive to breaking headlines.